FX.co ★ AUDUSD M5: Bullish Symmetrical Triangle

According to the chart of M5, AUDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.6230/0.6247 whereas the upper border goes across 0.6266/0.6247. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDUSD will breach the upper border to head for 0.6262.